ANZ Group Holdings (ANZ: $A28.36) drops to one-month low; -64c [2.2%] 16 April 2024

NEWS BITES - AUSTRALIA

www.buysellsignals.com

ANZ Group Holdings Limited's (ASX: ANZ $A28.36) stock price traded at its 32-day low of $A28.18. The last time the price hit that low level was on Friday, Mar 15, 2024.

ANZ Group Holdings' stock price fell 64.0c (2.2%) from its previous trading session to close at $A28.36.

Compared with the All Ordinaries Index which fell 147.1 points (1.8%) in the day, the relative price change was -0.4%.

ANZ Group Holdings Limited is Australia's 4th largest Bank by market cap.

There were 5,133,056 shares worth $A145.6 million traded today. The volume was 0.8 times the average daily trading volume of 6.2 million shares.

ANZ GROUP HOLDINGS (ANZ) Stock Dashboard [traded in Australian Dollars, AUD] End-of-Day Tue, Apr 16

http://www.anz.com.au/

Last$A28.36Market Cap$A85 billion [US$55 billion]
P/E12.3Dividend Yield % (TTM)6.2
EPS (FY2023)$A2.31DPS (past 12 months)$A1.8 or 175c
Shares Outstanding3,005,286,886ExchangeAUSTRALIAN [ASX]
ANZ in IndicesAll Ordinaries [of 387 stocks]SectorBank [of 13 stocks]
EPS Growth (FY2023 vs FY2022)-7.6%Today's VI*0.8
Today's Volume5,133,056Currency1.000 AUD = 0.647 USD
Ave Daily Volume6,156,069 sharesPV$1000 (1 yr)$A1,355
US$1,300
52-Week Price Range21.29 - 29.90

A year ago the exchange rate was USD 1 = 1.48 AUD. USD1000 would have bought $A1,483. A year ago the ANZ Group Holdings share price was $A22.53. $A1,483 would have bought 65.8 ANZ Group Holdings shares on that day. Those 65.8 shares would be worth $A1,867 at today's share price of $A28.36. At today's exchange rate of USD1=1.55 AUD this is equivalent to USD1,207. Dividends reinvested are worth $A96 ($92). PV$1000= $1,300.

Primary Exchange and Other Listings: Trading Currency and Volume (Excl ADR)

ExchangeTickerCurrencyLastADVTVol % of TotalToday's VI
ASXANZAUD28.366,156,01799.80.8
New ZealandANZNZD30.8919,8580.20.4
Total100.00

1 AUD [Australian Dollar]= 1.0914 NZD [New Zealand Dollar]

ADVT= Avg. Daily Volume of Trading; VI= Volume Index (1 is avg)

Bullish Turning Points

Dividend Yield increases to 6.2%

Based on dividends of $A1.75 per share for the trailing twelve months and the last price of $A28.36 the dividend yield is 6.2%, a significant improvement from 6% on the previous day.

Williams % R

The stock is oversold according to the Williams % R indicator of -87.0, suggesting the price is close to its 14-day low. The Williams % R was previously -63.9.

Price Volume Snapshot past 3 months (AUD)

Past month to HighLowVWAPVolume Index *
16 Apr 202429.528.229.00.7
15 Mar 202429.927.428.70.8
16 Feb 202428.525.427.10.8

[*Volume Index of 0.7 means volume for the month was 0.7 times its 12-month average]

[VWAP is defined as the Volume Weighted Average Price]

INDEX

SECTION 1 RECENT NEWS AND RESEARCH

SECTION 2 TODAY'S BULLISH SIGNALS

SECTION 3 ONGOING BULLISH PARAMETERS

SECTION 4 TODAY'S BEARISH SIGNALS

SECTION 5 ONGOING BEARISH PARAMETERS

SECTION 6 CORPORATE PROFILE

SECTION 7 DIVIDEND

SECTION 8 BOARD OF DIRECTORS

SECTION 9 TOP SHAREHOLDERS

Read more...

ANNEXURE

APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER

APPENDIX II STOCK IDENTIFIERS

GLOSSARY

SECTION 1 RECENT NEWS AND RESEARCH

VI* Volume Index = Number of shares traded today/Average number of shares traded per day.

Stock Buzz

Other Publishers Buzz in the past week

AprHeadlinePublisher
Thu 11Morgan Stanley Sticks to Its Buy Rating for ANZ Group Holdings (ANZGF)Business Insider

SECTION 2 TODAY'S BULLISH SIGNALS

2.1 Relative Value Indicators: Undervaluation compared with sector averages

Price/Earnings of 12.3 < Bank sector (of 13 stocks) avg of 14.9:

- The price-to-earnings ratio of 12.3 indicates undervaluation compared with sector average of 14.9 and market average of 24.3.

Brand Value/Enterprise Value:

- Brandirectory have estimated ANZ Group Holdings brand value at $A9 billion. The Brand Value represents an impressive 9.7% of the estimated Enterprise Value of $A93.3 billion. Enterprise Value is defined as MCap of $A85.2 billion plus net debt of $A8 billion.

2.2 Relative Value Indicators: Undervaluation compared with Index averages and bond yield

- Earnings yield of 8.2% is more attractive compared with the Australian average earning yield of 4.1%.

- The earnings yield of 8.2% is 1.9 times the 10-year bond yield of 4.3%.

(All figures in %)

Earnings Yield8.2
Australian avg4.1
Dividend Yield6.2
Bond Yield4.3

Dividend Yield > Bond Yield of 4.25%:

The dividend yield of 6.17% is 1.45 times the triple-A bond yield of 4.25%. The times factor of 1.45 is above the benchmark factor of 0.67 times set by Benjamin Graham.

(All figures in %)

Dividend Yield6.17
Bond Yield4.25
Spread1.92

The Dividend Yield of 6.2% is better than the Index average of 4.1%

- The relative yield of the stock, defined by its yield of 6.2%, divided by average yield of dividend yielding stocks in the All Ordinaries Index of 4.1% is 150.9%. This suggests the stock is undervalued in dividend yield terms.

SectorP/EDividend Yield %
Forbes 2000Stock: 12.3; Sector: 18.8Stock: 6.2; Sector: 0.8undervalued

2.3 Rank in the top 22% by Price Performance in the Australian market

DescriptionValueRank
PV1000 [1 yr] $1,300In Top 22%

2.4 Uptrend

Beta > 1 combined with price rise. The Beta of the stock is 1.1.

Price/Moving Average Price of 1.11 and positive MACD:

- The Price/MAP 200 for ANZ Group Holdings is 1.11. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the All Ordinaries Index of 1.04, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of $A28.68 is higher than the 200-day MAP of $A25.62, a third bullish indicator. The 200-day MAP has increased to $A25.62, a fourth bullish indicator.

- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 29.0 minus the 26-day EMA of 28.93 is positive, suggesting a bullish signal.

Past Quarter:

- In the last three months the stock has hit a new 52-week high twenty-three times, pointing to a significant uptrend.

2.5 Other Bullish Signals

- Net profit margin has averaged 28.8% in the last 3 years. This is considered superior and suggests a high margin of safety.

2.6 Oversold/Bullish/Support Signals:

- At $A28.36 the price is below the lower Bollinger band support of $A28.53, indicating an upside for it to return to the band.

- The stock is oversold according to the Williams % R indicator of -87.0, suggesting the price is close to its 14-day low of $A28.18.

SECTION 3 ONGOING BULLISH PARAMETERS

3.1 Rule of 40

The stock scores a favorable score exceeding 40 when using the Rule of 40 (Revenue Growth plus EBITDA margin). Y.o.y revenue growth of 157%, EBITDA margin is 20.2% and the sum of the two 177.1% needs to exceed 40%.

3.2 Rank in the top 99% by Liquidity in the Australian market

DescriptionValueRank
Ave daily turnover$A144 millionIn top 99%

3.3 Present Value of AUD1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVAUD1000 > 1,101

PVAUD1,0003 mo ago1 yr ago3 yrs ago
ANZ.ASX$A1,102$A1,355$A1,424
Bank sector$A1,050$A1,147$A1,099
All Ordinaries Index$A1,042$A1,040$A1,073

3.4 The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Price Change % > 10.1

3-Year price change of 17.3% for ANZ Group Holdings outperformed the change of 7.5% in the All Ordinaries Index for a relative price change of 9.9%.

Price Change %QuarterYear3 Years
ANZ Group Holdings10.225.917.3
Bank sector514.79.6
All Ordinaries Index3.147.5

3.5 MCap: 5-Year Increase of $A10 B (13%)

In the past 5 years Market Capitalization has increased by $A9.9 billion (13%) from $A75.3 billion to $A85.2 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 3 out of 5 years.

PriceMCap (AUD B)MCap ($ B)
Last$A28.3685.255.1
1 Year ago$A22.5372.648.8
2 Years ago$A24.1176.656.9
3 Years ago$A24.1782.362.5
4 Years ago$A13.6447.830.7
5 Years ago$A20.075.354

3.6 ANZ.ASX Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 11.6%

1 yr3 yrs5 yrs10 yrs20 yrs30 yrs
35.512.41411.716.415.8

3.7 Increased VWAP, up 28% in 5 years

In the past five years Volume Weighted Average Price (VWAP) has increased by 28.5% to $A24.62. Based on a dynamic start date of five years ago, there have been declines in VWAP in 2 out of 5 years.

Past five years, 12 months ended Apr 16 (AUD)

YearHigh PriceVWAPLow Price
202429.924.6221.29
202324.7821.918.93
202225.4123.9921.67
202124.6916.6412.2
202023.019.1511.42

3.8 Increased share turnover, up 15% in 5 years

In the past five years, average daily share turnover has increased 15.2% to $A146.6 million. This suggests increased liquidity.

Past five years, 12 months ended Apr 16 (AUD million)

YearAverage Daily Turnover
2024146.6
2023133.2
2022126.5
2021121.6
2020127.2

3.9 Satisfies one criterion of Benjamin Graham

- The P/E of 12.3 multiplied by the P/NTA of 1.3 is 16.0. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.

3.10 Year-over-year (%) Change in Dividend:

Final dividend for FY 2023 was 94.0c. The year-on-year change was up 27.0% from 74.0c in the previous year FY 2022.

FinalFY 2022FY 2023
Dividend (AUD Cents)74.094.0

SECTION 4 TODAY'S BEARISH SIGNALS

4.1 3-DAY: WEAK MOMENTUM DOWN

ANZ decreases 2.1% on weak volume 0.6 times average. Compared with the All Ordinaries Index which fell 211.8 points (or 2.6%) in the 3-days, the relative price increase was 0.6%.

The price ranged between a low of $A28.36 on Tuesday Apr 16 and a high of $A29.0 on Monday Apr 15.

AprANZ Group HoldingsClose [AUD]Change %Comment
Tue 16Drops to one-month low28.36-2.2Steepest Fall
Mon 15Strengthens above moving average price290.2Top Rise
Fri 12Decreases28.95-0.03Price fall on slipping relative strength

* RPC - Relative Price Change is % price change of stock less % change of the All Ordinaries Index.

4.2 Short Selling

+ In the Australian Short Selling market of 1343 stocks, short selling (on ASX and CHI-X) as a % of issued shares ranked 212th and within the top quartile of stocks, a bearish indicator.

4.3 Downtrend

Past Quarter:

The Worst 3 weeks in the past quarter

The past month witnessed the worst 2 weeks in the past quarter. In the past quarter the steepest fall of 3.8% took place in the week beginning Monday March 11.

Mon-FriChange %All Ordinaries Index Change %Vol Ind [1 is avg]
Mar 11-15-3.8-2.21
Apr 01-05-0.9-1.60.6
Apr 08-12-0.70.30.5

4.4 Other Bearish Signals

- As per the Du Pont analysis, Return on Equity of 10.2% is lower than sector average of 10.7%. This is computed as net profit margin of 14.3% times asset turnover [sales/assets] of 0.05 times leverage factor [total assets/shareholders' equity] of 15.9.

SECTION 5 ONGOING BEARISH PARAMETERS

5.1 Total Shares on Issue: 5-Year Increase of 3.9%

In the past 5 years total shares on issue have increased by 112.9 million (3.9%) from 2.9 billion to 3 billion. Buybacks have averaged 15.8 million shares [0.5%] per financial year. Based on a dynamic start date of 5 years ago, there have been declines in issued capital in 3 out of 5 years. An increase in total shares on issue is an unfavourable indicator in Joseph Piotroski's 9 indicators.

Year End (Sep 30)Total Shares on Issue
20233,001,241,960
20222,847,500,000
20212,862,600,000
20202,830,900,000
20192,834,900,000
20182,888,300,000

5.2 EPS growth [FY2023 vs FY2022] of -7.6%:

FYEPS (AUD)Growth %
20232.31-7.6
20222.516.1

5.3 Declining Volume, down 7% in 5 years

In the past five years, Average Daily Volume of Trading (ADVT) has decreased 6.6% to 6.2 million shares.

Avg. Daily Volume Traded 12 months ended Apr 16, million shares

YearADVT
20246.2
20236.2
20225.2
20217.2
20206.6

5.4 Satisfies 4 out of 9 criteria of Joseph Piotroski [pass mark 5]:

- Positive net income.

- Positive operating cashflow.

- Improvement in current ratio from 10.1 to 498.3.

- Improvement in asset turnover [growth in revenue of 156.9% exceeded growth in assets of 1.8%].

But does not meet the following 5 criteria of Joseph Piotroski:

- Return on Assets improvement.

- Good quality of earnings [operating cashflow exceeds net income].

- Improvement in long-term debt to total assets.

- Total shares on issue unchanged (or reduction in total shares on issue).

- Improvement in gross margin.

SECTION 6 CORPORATE PROFILE

6.1 Activities

ANZ Group Holdings provides banking and financial products and services to over 8.5 million retail and business customers and operate across 32 markets.

Our expertise, products and services make us a bank. Our people, purpose, values and culture make us ANZ.

ANZ Group Holdings Limited is an authorised non-operating holding company under the Australian Banking Act. It is Australia's 4th largest Bank by market capitalisation.

6.2 Contact Details

Websitehttp://www.anz.com.au/
Physical AddressANZ Centre Melbourne, Level 9, 833 Collins Street, DOCKLANDS, VIC, AUSTRALIA, 3008
Phone03 8654 0000
Fax+61 3 8542 5252
Emaillibby.armstrong@anz.com

6.3 Industry & Sector [of 275 stocks]

Classification LevelName of Sector
Industry GroupBanking Services
IndustryBanks
Economic SectorFinancials
Business SectorBanking & Investment Services

SECTION 7 DIVIDEND

7.1 Dividend History

In the past 5 years annual dividends have increased by 15.0c from 160.0c to 175.0c. Based on a start date of 5 years ago, there has been one decline in dividends over the last 5 years.

Date PaidValue (c)Type
16 Nov 202394Final
15 May 202381Interim
Tr 12 Months175
2022 - 2023146
2021 - 2022142
2020 - 202160
2019 - 2020160

SECTION 8 BOARD OF DIRECTORS

8.1 Board Of Directors

Board Of Directors [One director with tenure > 9 yrs]

NameSince Appointment
Ilana Atlas9 Yrs, 6 Mos

Board Of Directors [Eight directors with tenure < 2 yrs]

NameDesignationSince Appointment
Jeff SmithNon-Executive Director1 Yr, 8 Mos
Holly KramerIndependent Non-Executive Director-
Christine O'ReillyIndependent Non-Executive Director-
John Phillip KeyNon-Executive Independent Director-
Graeme Richard LiebeltNon-Executive Independent Director-
John Thomas MacfarlaneNon-Executive Independent Director-
Paula Jane DwyerNon-Executive Independent Director-
Sarah Jane HaltonNon-Executive Independent Director-

8.2 Resignations in the past 4 years

NameDesignationDate of Resignation
Bob SantamariaCompany Secretary13 September 2019
John PriestleyCompany Secretary13 September 2019

SECTION 9 TOP SHAREHOLDERS

Top 20 shareholders

Name of the Share HolderNumber Of Shares% of Capital
BNP PARIBAS NOMINEES PTY LTD -AGENCY LENDING DRP A/C)13108680.04
HSBC CUSTODY NOMINEES -AUSTRALIA) LIMITED9556760.03
CITICORP NOMINEES PTY LIMITED9476650.03
BNP PARIBAS NOMINEES PTY LTD HUB24 CUSTODIAL SERV LTD -DRP A/C)3151240.01
NETWEALTH INVESTMENTS LIMITED -WRAP SERVICES A/C)2790650.01
HSBC CUSTODY NOMINEES -AUSTRALIA) LIMITED - A/C 22294030.01
NETWEALTH INVESTMENTS LIMITED -SUPER SERVICES A/C)2178710.01
JOHN E GILL TRADING PTY LTD2000350.01
J P MORGAN NOMINEES AUSTRALIA PTY LIMITED1622510.01
BNP PARIBAS NOMINEES PTY LTD -PITCHER PARTNERS DRP)1322850.004
MUTUALTRUSTPTYLTD1063820.004
NATIONAL NOMINEES LIMITED1003020.003
DIMBULU PTY LTD1000000.003
NAVIGATOR AUSTRALIA LTD -JB WERE LIST FIX INT SMA A/C)906200.003
KOLL PTY LTD -NO 1 ACCOUNT)500000.002
ROYAL FREEMASONS' BENEVOLENT INSTITUTION495800.002
NAVIGATOR AUSTRALIA LTD -MLC INVESTMENT SETT A/C)492390.002
TAVERNERS NO 11 PTY LTD -BRENCORP NO 11 UNIT A/C)481180.002
CITICORP NOMINEES PTY LIMITED -DPSL)475900.002
H WENAS PTY LTD -H WENAS SUPER FUND ACCOUNT)440000.001

% held by Top 20 shareholders 0.2%

APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER

ANZ: EXPORT DATA TO EXCEL:

+ PRICE VOLUME - 5-YEAR HISTORY

+ PEER COMPARISON

+ PATENTS - CATEGORISED LIST OF 5-YEAR HISTORY OF 1 :

ANZ: OTHER INFORMATION:

+ NEWS ARCHIVES - ANZ PAST 4 YEARS:

+ PRICE VOLUME CHARTS

+ USD vs AUD EXCHANGE RATE CHARTS IN HTML

+ TWEETS

+ BOARD OF DIRECTORS

APPENDIX II STOCK IDENTIFIERS

ISIN: AU000000ANZ3

PermID: 4295856605

RIC: ANZ.AX

LEI: 9845005D9C6BAA10BK72

GLOSSARY

ADVT: Average Daily Volume of shares Traded

Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Capital Gain/Loss from n Years Ago to n-1 Years Ago: Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Current Ratio: Current Assets/Current Liabilities (times)

Dividend Yield: Dividend Per Share/Share Price (%)

Earnings Yield: Earnings Per Share/Share Price (%)

Income during the n years (3/2/1): Dividends received during the Period

Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods

PV1000: Present value of 1000 invested 1 year/'n' years ago

Price Close/Moving Avg Price: Latest Price/Moving Average Price

Price/Earnings: Share Price/Earnings Per Share (times)

Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index

Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.

Return on Assets: Net Profit/Total Assets (%)

Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)

TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend

TTM: Trailing 12 Months

Volatility: Highest Price minus Lowest Price/Lowest Price (%)

Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period

Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.

Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.

Created by www.buysellsignals.com